Gulf International Bank UK Ltd Has $4.13 Million Position in Copart, Inc. (NASDAQ:CPRT)

Gulf International Bank UK Ltd increased its stake in Copart, Inc. (NASDAQ:CPRT) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,264 shares of the business services provider’s stock after purchasing an additional 400 shares during the period. Gulf International Bank UK Ltd’s holdings in Copart were worth $4,127,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CPRT. Kestra Advisory Services LLC grew its position in shares of Copart by 166.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 36,416 shares of the business services provider’s stock worth $1,569,000 after buying an additional 22,771 shares during the period. Aigen Investment Management LP acquired a new stake in Copart during the 3rd quarter worth $371,000. CI Investments Inc. raised its position in shares of Copart by 95.4% during the 3rd quarter. CI Investments Inc. now owns 2,468 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,205 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of Copart by 100.0% in the 3rd quarter. Rathbones Group PLC now owns 7,600 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 3,800 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Copart by 3,205.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,628 shares of the business services provider’s stock worth $199,000 after purchasing an additional 4,488 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.00.

Copart Stock Up 0.4 %

Shares of CPRT stock opened at $54.24 on Friday. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The firm has a fifty day moving average of $54.18 and a 200-day moving average of $52.38. The firm has a market capitalization of $52.20 billion, a price-to-earnings ratio of 38.20 and a beta of 1.26.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Research analysts expect that Copart, Inc. will post 1.43 earnings per share for the current year.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.